Transparency is the best business. And no one can talk about good governance without transparency. To this end, banks in Uganda are required to publish their audited financial statements within four months after the end of the financial year i.e. by 30th April of the following year. Detailed publication of the key information about the performance of the business over the past 12 months and the statement of the financial position as at the year-end helps stakeholders make informed decisions. During quarter one of 2020, many banks published their audited financial statements in compliance with the regulatory provisions. Some banks…
What makes a great team member?
Performance is the number one quality that separates the average staff from an exceptional one. It does not matter the economic times or conditions; all leaders will hold on to their exceptional staff. The role of any leader is to attract the best staff to join his or her team. And once they join, to keep them, as s/he lets the average or non-performers to go. The primary role of the leader is to set the vision and find the right team to deliver it. Anyone who does not fit is identified and removed. Like a tree, new leaves come,…
Laws of money assist you to make the right decision
Year after year, we continue to joke about the lack of money especially after the excessive spending during the festive season. Most of our savings are spent until we are back to living ‘hand to mouth’, waiting for the next paycheck, just to clear the bills and wait for the next pay opportunity thus repeating the cycle. We end up cursing the corporate world and how the system is built to cripple us. We seem to be born just to pay infinite bills as if we are trapped in the vicious circle of poverty. As we all know money can…
